Ethereum (ETH) has rallied nearly 50% from its recent low print made on April 1 and further upside looks likely if the next level of technical resistance is broken.
The New Zealand Dollar is retreating from resistance defining the down move since late January but confirmation of a lasting down move is still absent.
WTI Crude Oil extends gains by over 2% to the highest level since 2014 on a further drawdown of Crude inventories with stockpiles the lowest since March 2015.
Ethereum (ETH) Chart Nears Potential Upside Breakout
Ethereum (ETH) has rallied nearly 50% from its recent low print made on April 1 and further upside looks likely if the next level of technical resistance is broken.
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NZD/USD Technical Analysis: Down Trend Ready to Resume?
The New Zealand Dollar is retreating from resistance defining the down move since late January but confirmation of a lasting down move is still absent.
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Crude Oil Price Forecast: A Leg Higher On Shrinking US Stockpiles
WTI Crude Oil extends gains by over 2% to the highest level since 2014 on a further drawdown of Crude inventories with stockpiles the lowest since March 2015.
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GBP/JPY: Supported at Prior Fibonacci Resistance, But Will it Hold?
After a troubling sell-off in February and a degree of grind in March, bulls came back into GBP/JPY in April, helping to continue the trend that was so prominent in 2017. But prices are pulling back a...Continue Reading
GBP/USD: Deeper Correction Potential After Inflation Misses Target
The British Pound is pulling back after this morning's UK inflation data. The bigger question is whether this is a bump in the bullish road or a factor that might bring on a bearish reversal ahead of ...Continue Reading
Trading Outlook for USD, GBP/USD, NZD-pairs, Gold & More
Today, we looked at a developing technical pattern in the US Dollar Index, pullback in cable, a few NZD pairs, along with the ongoing range in gold, silver.
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EUR/USD Technical Analysis: Long-Term Down Trend in the Balance
Overall Euro positioning carries a distinctively bearish bias but shorter-term signs of a possible upturn may pave the way for a tectonic change in the currency’s trajectory.
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GBP/USD, S&P 500 Breakouts in Focus as USD, EUR/USD Remain in Range
Breakouts in risk markets are in-focus as we near UK inflation numbers for the month of March, and this is happening as earnings season continues in the US.
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USDJPY Continues to Trade With Mixed Bias
The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.
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Crude Oil Price Forecast: Oil Remains Robust Ahead of OPEC Meeting
WTI Crude Oil has pulled back from the highest levels since 2014, but the backdrop that could drive the price higher remain.
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Trading Outlook – S&P 500, Dow, Nasdaq, Crude Oil, Gold/Silver & More
In this session, we focused on both the short and intermediate-term technical positioning of U.S. indices, crude oil after making new highs, and gold/silver ranges.
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Crude Oil Prices Eye $71 and EURUSD Bears are Biting Their Nails
Crude oil price forecasts may rise towards $71 where multiple wave relationships sit. EURUSD Elliott Wave analysis shows bearish patterns remain while below 1.2476.
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USD/JPY Rate Forecast: Knock, Knock, Knocking on Key 108-Level
JPY weakness has become a surprising theme to many as geopolitical risk fails to spill into FX markets while USD/JPY could be on the brink of a technical breakout.
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Weekly Technical Outlook: FX, Cryptocurrency Trade Setups
Webinar highlighting featured setups we’re tracking into the weekly open. Here are the updated targets & invalidation levels that matter this week.
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Key UK Wages and Inflation Data Will Drive Sterling | Webinar
The British Pound is currently trading sideways as traders wait for the latest UK inflation, jobs and wages data. Will a positive set of results delay the anticipated BoE rate hike?
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Crypto Chart Analysis: Litecoin Still Heavy, Bitcoin T-line Resistance
The bounce in the cryptocurrency space looks like just that, a bounce; Litecoin is demonstrating relative weakness while Bitcoin has resistance not far ahead.
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EUR/USD Weekly Technical Forecast: When Will the Euro Break its Range?
Range conditions look headed to persist in the week ahead, but a break could come at any time.
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Charts for Next Week – Euro, GBP-crosses, Gold, Dow & More
Today, we looked at the euro, a few pound crosses of interest, gold's attempt to breakout, Dow's descending wedge, along with a few other charts.
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Sentiment Suggests GBPUSD Bulls May Take Over
The combination of current sentiment and recent changes gives us a stronger GBPUSD-bullish contrarian trading bias.
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Bitcoin May Reverse Higher Despite Sentiment
Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.
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Bitcoin Chart Analysis - BTC Price Soars on Technical Breakout
A sharp move higher pushed Bitcoin back above its dominant December down trend and may signal the end of the recent bear market.
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Gold Prices Reverse After Aggressive Breakout into Long-Term Resistance
Gold prices put in an aggressive breakout this morning, testing into a longer-term zone of resistance that's held the highs throughout 2018. But that strength could not last, and prices are now pullin...Continue Reading
EUR/JPY: Bullish Potential As Prices Climb Above Key Fibonacci Level
EUR/JPY spent the second half of Q1 in a bearish state, selling-off to a fresh five-month low. But the open of Q2 has brought a return of the bullish trend, and this is a theme that has potential for ...Continue Reading
Crude Oil Price Forecast: Breakout on Saudi Has Fundamental Support
After a quiet first quarter in the energy markets, Q2 has opened with a bullish bang to take Crude to the highest levels since 2014.
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